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Analysis by Region - Emerging Markets - Philippines

Publisher Oxford Economics
Published Mar 31, 2026
Length 8 Pages
SKU # OFE21076932

Description

We've downgraded our 2026 GDP growth forecast for the Philippines by 0.9ppts to 4.6%, reflecting the impact of the US/Israel-Iran war on energy supplies. Growth faces significant downside risks if the blockade of the Strait of Hormuz extends beyond the expected few months of disruption.

Table of Contents

8 Pages
Philippines: Growth outlook threatened by US/Israel
Iran war
Forecast overview
Recent developments
Short
term outlook
Key drivers of our short
term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long
term prospects
Alternative long
run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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